EARNINGS RELEASE \u2013 3Q-FY2009
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New Media \u2013 we have aggregated a strong Library in the Digital Space in Regional Languages.
Furthermore our finance portal www.utvi.com has been rated the No.2 Finance Business Portal in the
countrya and our Technology site www.techtree.com continues to be one of the popular websites in
the news and media category for technologyb. For a business that has been in operation for just a
few months we are pleased that it has reported revenues of approx. Rs 143 million for the 9 month
period in such a start-up mode.
Quality of Earnings
While Fiscal 08-09 continues to demonstrate our growth strategy having recorded over 80% growth
so far \u2013 we believe that our operating margins don\u2019t necessarily reflect the true potential that this
revenue growth symbolizes for the years ahead. And my observations, as well as what the entire
Management team is working towards are as follows -
Broadcasting - Q4 of this fiscal plus Fiscal 09-10 will continue to be in the red, with a clear objective
to see break even during Q1 of 2010-2011.
Motion Pictures - The growth as well as the success of our movies has not corresponded with the
bottom line thus far, primarily because revenue exploitation has been back-ended and the cycle
extended. However, we expect that the coming quarters shall witness benefits of larger aggregated
library with quality movies in our repertoire. This is expected to reflect a closer to real long-term
picture. Furthermore, our Hollywood Movies shall have added impact on the revenues in the coming
quarters.
Games Content - We expect next fiscal to demonstrate clearly the potential of this vertical that we
have incubated over the last 18 months and the following year will see the benefits from the games
being developed by Ignition, from TrueGames\u2019 Online platforms, distribution and syndication model
worldwide and from IndiaGames\u2019 focus on the Indian mobile market and the Games On Demand
businesses.
New Media \u2013 Even though it\u2019s a start-up, we expect this business will be in the black during the next
fiscal.
TV Content \u2013 We expect this segment to show stability.
COMPANY PERFORMANCE (CONSOLIDATED)
The Company has consolidated the financials of UTV-US, IG Interactive, UMP PLC, UTV TV Content,
UTV New Media, UTV Games and UTV Global Broadcasting and the group\u2019s indirect subsidiaries
Ignition Entertainment Limited, Indiagames Limited, UTV-Motion Pictures (Mauritius), ITNation Media,
RB Entertainment, True Games Interactive, GenX Entertainment and UTV Entertainment Television
(UETL) andUT V \u2019s television joint ventures Smriti Irani Television Limited and Windmill Entertainment
Limited. The Board of Directors in its meeting held today, has taken on record the unaudited
consolidated financial results of UTV Software Communications Limited and its subsidiaries/JV\u2019s.
a No.1 in terms of pages per visit and Time spent \u2013 ComScore data for Oct, Nov & Dec\u201908
b As per Alexa ratings
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